Growth Funds Fixate on Microsoft
In an Effort to Keep a Toe in Tech

Managers of battered growth mutual funds joke that software titan Microsoft is a "chicken tech stock," but that didn't stop them from buying it.

At the start of this month 80% of the nation's 440 large-cap growth funds owned shares of Microsoft, up from fewer than 60% 12 months ago, according to the latest portfolio reports to Chicago researcher Morningstar.